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Euroseas: Dividend Growth, But Debt Surge Looms
ESEAEuroseas(ESEA) Seeking Alpha·2024-03-18 23:24
primeimagesInvestment Thesis Euroseas' (NASDAQ:ESEA) stock price is up 94 percent in the last year (as of March 18, 2024) and it recently posted Q4 2023 results. Revenues were $49.1 million, down 3 percent from Q3 but up 14 percent from Q4 2022. EPS (diluted) was $3.56, down 23 percent from the preceding quarter - but up 24 percent from Q4 2022. The company reported an average TCE of $29,266/day. It declared a $0.60 dividend, which translates to an annualized yield of 7.1 percent, based on its Feb 21 cl ...